American Industrial Partners

Aluminium Dunkerque To Cut Production By Over One-Fifth Due To High Power Prices

Aluminium Dunkerque To Cut Production By Over One-Fifth Due To High Power Prices

One of the biggest aluminium smelters in Europe plans to cut production by 22 percent due to high energy prices. On Tuesday Aluminium Dunkerque said that it would be ramping down its nameplate production of 290 thousand metric tons of production by...

Events

Sanjeev Gupta Loses Dunkirk Aluminium Smelter To AIP

The largest aluminium smelter in Europe is now owned by American Industrial Partners after the firm bought the asset from struggling Sanjeev Gupta’s GFG Alliance last week. In a statement released to the media, AIP said it gained title to the plant after foreclosing on shares pledged by GFG Alliance to AIP in a mezzanine-financing […]

GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt

The struggle to keep Gupta Family Group Alliance’s assets funded continued last week as its head Sanjeev Gupta continued talks with Glencore plc to refinance the debt of GFG Alliance’s aluminium assets in Europe. Sources told AlCircle over the weekend that Glencore is in talks with GFG Alliance to refinance its over US$500 million in […]